"These exits reveal the inadequacy of voluntary commitments and...
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2 dead and 19 injured in Southern California plane crash
The people who died were believed to have been on the plane, while...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near...
Hong Kong exchange enlists HSBC, Tencent to help create carbon market
Worldwide efforts to combat climate change have spawned voluntary carbon markets, which allow emitters to offset their carbon by purchasing so-called credits, which are issued by projects targeted at removing or cutting emissions Hong Kong: Hong Kong's stock exchange...
Inflationary recession, a key concern for global re/insurance industry: economists and strategist at Geneva Association meeting
Given the instability and distortions that come with protracted high inflation, it could have a negative impact on the growth of insurance markets and insurance penetration. Insurers have a big tool kit at their disposal to respond to inflation, for example through...
IAEA Initiative sets to facilitate safe and secure deployment of small modular reactors
"In nuclear, we must have the highest standards of nuclear safety and security – they are indispensable for the public, governments and investors. Nuclear safety, security, and safeguards will be the litmus test for deployable reactors at the scale needed. The NHSI is...
Howden acquires a New Zealand broker to focus on Pacific market
Matt Bacon, CEO Howden Pacific, commented: " This acquisition is another great step forward in our strategy to expand our platform in New Zealand, and continue to offer a choice to clients and talent in this key Pacific market" Auckland: Howden, the international...
Climate change is driving 2022 extreme heat and flooding
For heatwaves and extreme rainfall, “we find we have a much better understanding of how the intensity of these events is changing due to climate change,” said study co-author Luke Harrington, a climate scientist at Victoria University of Wellington Less understood,...
Australia floods worsen as thousands more flee Sydney homes
The Insurance Council of Australia, which declared the floods a 'significant event', urged affected people to apply for claims, even though the full extent of damage was unknown now Sydney: Torrential rains kept battering Australia's east coast on Tuesday,...
German road traffic agency asks Tesla to recall 59,000 units globally
The U.S. National Highway Traffic Safety Administration (NHTSA) early in June upgraded its probe into 830,000 Tesla vehicles with the advanced driver assistance system Autopilot, a required step before it could seek a recall Germany's road traffic agency said it was...
Top billionaires lose $1.4 trillion in worst half ever
Elon Musk, co-founder,Tesla Musk, Tesla's co-founder, still has the biggest fortune on the planet, at $208.5 billion, while Amazon's Bezos is second with a $129.6 billion net worth, according to the Bloomberg Billionaires Index Elon Musk's fortune plunged almost $62...
WHO says Monkeypox cases in Europe tripled in last two weeks
To date, more than 5,000 monkeypox cases have been reported from 51 countries worldwide that don't normally report the disease, according to the U.S. Centers for Disease Control and Prevention. Kluge said the number of infections in Europe represents about 90% of the...
COVID-19: BA.4 and BA.5 variants spur 20 per cent rise in cases
WHO Director-General Tedros Adhanom Ghebreyesus ``Our ability to track the virus is under threat as reporting and genomic sequences are declining. The optimistic mid-year deadline for all countries to vaccinate at least 70 per cent of their populations is looking...